Could Elastic N.V.’s (NYSE: ESTC) Earnings Exceed Your Expectations? – Marketing Sentinel
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Could Elastic N.V.’s (NYSE: ESTC) Earnings Exceed Your Expectations?

In today’s recent session, 0.53 million shares of the Elastic N.V. (NYSE:ESTC) have been traded, and its beta is 1.11. Most recently the company’s share price was $69.56, and it changed around $1.64 or 2.41% from the last close, which brings the market valuation of the company to $5.99B. ESTC at last check was trading at a discount to its 52-week high of $189.84, offering almost -172.92% off that amount. The share price’s 52-week low was $50.74, which indicates that the recent value has risen by an impressive 27.06% since then. We note from Elastic N.V.’s average daily trading volume that its 10-day average is 1.58 million shares, with the 3-month average coming to 1.41 million.

Elastic N.V. (NYSE:ESTC) trade information

Instantly ESTC has been showing a green trend so far today with a performance of 2.41% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 69.97 on Tuesday, 06/21/22 increased the stock’s daily price by 0.59%. The company’s shares are currently down -44.82% year-to-date, but still up 6.19% over the last five days. On the other hand, Elastic N.V. (NYSE:ESTC) is 13.45% up in the 30-day period. We can see from the shorts that 3.83 million shares have been sold at a short interest cover period of 2.31 day(s).

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Elastic N.V. (ESTC) estimates and forecasts

Elastic N.V. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -42.27 percent over the past six months and at a 3.03% annual growth rate that is well below the industry average of 14.50%. The year-over-year growth rate is expected to be 25.90%, up from the previous year.

Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $246.11 million in revenue for the current quarter. 15 analysts expect Elastic N.V. to make $260.65 million in revenue for the quarter ending Oct 2022. Analysts predict that the company’s current quarter sales will jump, forecast at 42.10%.

Elastic N.V. earnings are expected to increase by 30.00% in 2022, but the outlook is positive 2.80% per year for the next five years.

ESTC Dividends

Elastic N.V.’s next quarterly earnings report is expected to be released around August 08 and August 12.

Elastic N.V. (NYSE:ESTC)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 18.82% of Elastic N.V. shares, and 76.43% of them are in the hands of institutional investors. The stock currently has a share float of 94.16%. Elastic N.V. stock is held by 507 institutions, with FMR, LLC being the largest institutional investor. By Mar 30, 2022, it held 8.56% of the shares, which is about 8.0 million shares worth $711.3 million.

Vanguard Group, Inc. (The), with 7.53% or 7.04 million shares worth $626.11 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Mar 30, 2022. The former held 2.14 million shares worth $190.73 million, making up 2.29% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 1.87 million shares worth around $166.65 million, which represents about 2.00% of the total shares outstanding.

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